No Restoration of Capital Accounts. No Member shall be required to pay to the Company, to any other Member, or to any third party, any deficit balance that may exist from time to time, or upon liquidation, in any Capital Account maintained in respect of such Member for any purpose.
Appears in 3 contracts
Samples: Limited Liability Company Agreement, Limited Liability Company Agreement, Limited Liability Company Agreement
No Restoration of Capital Accounts. No Member shall be required to pay to the Company, to any other Member, Member or to any third party, party any deficit balance that may exist from time to time, or upon liquidation, time in any Capital Account capital or similar account maintained in respect of for such Member for any purpose.
Appears in 2 contracts
Samples: Operating Agreement (Deep Down, Inc.), Operating Agreement
